By Katharina Bart ZURICH (Reuters) – The unified front with which Switzerland’s banks have defended their culture of secrecy is breaking down as some prepare to hand over data in a U.S. tax evasion probe, leaving others at greater risk of prosecution. The Swiss government is trying to push through a law that would allow banks to release the information on clients, helping 13 banks under formal investigation to avoid criminal prosecution including Credit Suisse and Julius Baer. …
Business News Headlines – Yahoo! News
There are no comments yet. Why not be the first to speak your mind.